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1954-1978 Resolutions
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1954-1978 Resolutions
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4/3/2025 3:12:29 PM
Creation date
3/12/2004 11:44:04 AM
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
1954-1978 Resolutions
Document Date
01/01/1978
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mature serially on October 1 in the years and amounts as follows: <br /> <br />YEAR AMOUNT <br /> <br /> 1980 <br />1981 to 1983, inclusive <br />1984 to 1986, inclusive <br />1987 and 1988 <br /> 1989 <br /> <br />$25,000 <br />30,000 <br />35,000 <br />40,000 <br />45,000 <br /> <br />The Bonds are issued without right of prior redemption. <br /> <br /> 3. Both principal, and interest shall be. payable at <br /> Bank of <br />and the City of Ramsey shall pay the reasonable charges of said <br />bank for its services as paying agent. <br /> <br /> 4. The Bonds and the interest coupons to be thereto <br />attached shall be in substantially the following form: <br /> <br />No. $5,000 <br /> <br />UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND OF 1978 <br /> <br /> KNOW'ALL MEN BY THESE PRESENTS tha.t the City of Ramsey, <br />Anoka Couhty, Minnesota, acknowledges itself to be indebted and, <br />for value received, hereby promises to pay to bearer without <br />option of prior payment, out of its General Obligation <br />Improvement Bonds of 1978 Fund, the sum of FIVE THOUSAND DOLLARS <br />on the 1st day of October, 19 , and to pay interest thereon <br />from the date hereof until the principal amount is paid at the <br />rate of <br /> percent (5.5693%) per annum, interest to maturity <br />payable April 1, 1979, and semiannually thereafter on the 1st day <br />of October and the 1st day of April in each year in accordance <br />with and upon presentation and surrender of the interest coupons <br />hereto attached as they severally become due. Both principal of <br />and interest on this bond are payable at the <br /> <br />in any coin or currency of the United States of America which on <br />the date of payment is legal tender for public and private debts. <br /> <br /> <br />
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